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A Peek Into The Market Before The Trading Starts
Monday, March 21, 2011 - 6:36am | 420Pre-open movers US stock futures are higher this morning, after AT&T (NYSE: T) announced its plans to buy T-Mobile USA for around $39 billion. Futures for the Dow Jones Industrial Average surged 105 points to 11,904.00, while those for the S&P 500 stock index climbed 13.60 points to 1,287....
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Goldman Upgrades IPI To Neutral
Monday, March 21, 2011 - 6:00am | 51Analysts at Goldman upgrade Intrepid Potash Inc (NYSE: IPI) from “sell” to “neutral.” The target price for IPI has been raised from $30 to $36. IPI shares gained 0.48% to close at $33.52 on Friday. More Analyst Ratings here
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Trading Halted: New Oriental Energy & Chemical, News Pending
Friday, March 18, 2011 - 9:53am | 20Trading Halted: New Oriental Energy & Chemical (NASDAQ: NOEC), News Pending
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Weak Dollar And Weak Oil Buoy Stocks
Tuesday, March 15, 2011 - 2:21pm | 209The major stock market indexes have traded sharply off of their intra-day lows. This morning the Dow Jones Industrial Average was lower by nearly 300 points. However, once the trading volume subsided and oil and the U.S. Dollar Index declined the major indexes inflated right back up to cut their...
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Trading The FOMC Statement (FCX, POT, CF, CAT, DE)
Tuesday, March 15, 2011 - 11:31am | 247The market has had an impressive rally off the lows of the session, with the Dow off 176 points, after being down 292 points earlier today. The Nasdaq is off 40 points, and the S&P is down 18 points to 1,277, which is a key area from last night's break down in the futures. Of course all eyes...
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Is QE3 On The Horizon? (POT, FCX)
Tuesday, March 15, 2011 - 10:58am | 101The market activity today has been interesting to say the least. The aggression that some traders are using to buy the dip in material stocks is rather remarkable. In particular, Potash (NYSE: POT) and Freeport-McMoran (NYSE: FCX) have moved off of their lows into positive territory, a move of more...
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Potash About To Go Positive!
Tuesday, March 15, 2011 - 9:52am | 113Beaten down Potash Corp. (NYSE: POT) has been screaming to the upside in early trade. The stock, which had been down more than 3% in the pre-market, is now down just 0.19% to $53.06. Potash has been really hit hard over the last week or two, but this price action is very impressive and could mean...
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Positive Chatter And Rumors Circulating In Mosaic (MOS)
Tuesday, March 15, 2011 - 8:58am | 22Hearing positive chatter and rumors circulating about Mosaic's (NYSE: MOS) future prospects.
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Potash Continues Downward (POT)
Monday, March 14, 2011 - 9:42am | 87Shares of Potash (NYSE: POT) are falling again on Monday morning, trading down around 3% to $52.65. This stock has been hit extremely hard over the last 5 trading sessions, losing almost 14%. Over the last 52-weeks, POT is up 26%. Potash Corporation of Saskatchewan Inc. (PCS) is an integrated...
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Potash Now Down 5% (POT)
Wednesday, March 9, 2011 - 2:53pm | 78The rush to get out of Potash Corp. (NYSE: POT) is starting to hit a fever pitch in late trading on Wednesday. The stock has now lost nearly 5% and is trading at $55.49. The stock was downgraded by Citigroup this morning on valuation. Potash Corporation of Saskatchewan Inc. (PCS) is an integrated...
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Potash Making New Lows (POT)
Wednesday, March 9, 2011 - 1:31pm | 116Shares of Potash (NYSE: POT), which were downgraded by Citigroup today, are hitting new intra-day lows, down 4.32% to $55.77. The stock has now lost more than 10% in just the last 5 trading sessions. The shares now trade at a trailing P/E of 28.20, a forward multiple of 15.34, and a PEG ratio of 1....
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Agricultural Stocks Continue To Fall (MOS, POT, AGU, CF)
Wednesday, March 9, 2011 - 12:46pm | 118The fertilizer complex continues to move lower as investors move out of this sector. Citigroup downgraded both Mosaic (NYSE: MOS) and Potash (NYSE: POT) today. Those stocks are leading the entire agricultural space lower. POT has lost 3.79% to $56.08 during Tuesday's trading session. Mosaic is down...
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Benzinga's Top Downgrades (MOS, CLR, XOMA, CSA)
Wednesday, March 9, 2011 - 8:21am | 143Mosaic Company (The) (NYSE: MOS) was downgraded by Citigroup from "buy" to "hold." MOS' shares closed at $81.56 yesterday. Mosaic's PEG ratio is 1.40. Morgan Keegan downgraded Continental Resources Inc (NYSE: CLR) from “outperform” to “market perform.” CLR's stock closed at $66.30 yesterday....
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Citi Downgrades Potash, Mosaic (POT, MOS)
Wednesday, March 9, 2011 - 7:59am | 195Citi Investment Research is downgrading shares of Potash (NYSE: POT) and Mosaic (NYSE: MOS) from Buy to Hold, and cut the price targets to $60 and $84, respecitvely. In a note to investors, Citi writes, "Fertilizer equities have been among the best performing stocks over the past eight months....
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Ag Stocks Remain Weak (MOS, MON, AGU, POT)
Tuesday, March 8, 2011 - 11:33am | 95The Fertilizer complex remains weak on Tuesday after selling off on Monday. The exception is Monsanto (NYSE: MON), which has gained 0.89% to $72.26. The other names, however, are all badly underperforming the major averages. Potash (NYSE: POT) is down 1.54% to $58.21. Mosaic (NYSE: MOS) has lost...